Business Interruption Cyber Risks Demand More Insurer Attention as 5G Dawns October 26, 2020 By Mark Hollmer Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts...
Bold Penguin Acquires RiskGenius in Commercial Insurance Technology Deal October 6, 2020 By Mark Hollmer Insurance technology firm Bold Penguin has acquired RiskGenius in a deal that the two commercial lines insurtechs said will help...
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade September 24, 2020 By Mark Hollmer Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance...
InsureTech Connect Delays Virtual Conference Until October for Networking Signups September 18, 2020 By Mark Hollmer Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect,...
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand September 10, 2020 By Mark Hollmer ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes August 24, 2020 By Mark Hollmer An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a...
Lemonade Cites Progress Despite Loss in Its First Public Earnings Report August 21, 2020 By Mark Hollmer Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its...
Root Insurance Hopes Others Join Its Vow to End Use of Credit Scoring August 18, 2020 By Mark Hollmer Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes August 14, 2020 By Mark Hollmer An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a...
CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses August 6, 2020 By Mark Hollmer CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due...